European Cops Shut Down Crypto Mixing Website That Helped Launder 1.3B Euros
Europol shuts down Cryptomixer, halting crypto laundering of 1.3B euros and seizing $29M in Bitcoin.
Matilda
European Cops Shut Down Crypto Mixing Website That Helped Launder 1.3B Euros
Europol Takes Down Major Crypto Laundering Platform European law enforcement agencies coordinated by Europol have shut down Cryptomixer, a notorious cryptocurrency mixing service linked to laundering €1.3 billion ($1.5 billion) since 2016. The platform had become a key tool for cybercriminals seeking to disguise the origin of their illicit funds. Europol called Cryptomixer “the platform of choice” for criminal activities, including ransomware attacks, drug trafficking, and payment card fraud. Credits : Google How Cryptomixer Operated to Conceal Criminal Funds Cryptomixer functioned as a cryptocurrency “mixer,” pooling deposited funds from multiple users and redistributing them at random intervals. This process made tracing the flow of Bitcoin and other cryptocurrencies extremely difficult. While blockchain networks are publicly auditable, services like Cryptomixer effectively hid the origin of digital assets, offering cybercriminals the anonymity they sought. Massive Seizures Signal Law En…
